SXR Uranium to buy Energy Metals for $1.5 billion

LONDON (MarketWatch) -- SXR Uranium
SXR, +33.33%
has agreed to buy Energy Metals
EMU, +1.01%EMC, -1.87%
for 1.15 of its shares, valuing the offer at C$19.12 a share, or C$1.59 billion ($1.49 billion). Energy Metals closed Friday at C$18.29. The companies said the deal will create a "powerhouse" in the U.S. uranium sector. EMC has agreed to pay a break fee to Uranium One of C$55 million.

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